Hindustan Copper Sees Significant Open Interest Surge Amid Increased Market Activity

Hindustan Copper Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 18,012 contracts, marking a rise of 2,073 contracts or 13.01% from the previous open interest of 15,939. This uptick in open interest coincides with a trading volume of 9,780 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Hindustan Copper has outperformed its sector by 1.58%, with the stock gaining for six consecutive days and achieving a total return of 14.03% during this period. The stock reached an intraday high of Rs 281.29, reflecting a 3.39% increase. Additionally, Hindustan Copper is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The stock's liquidity remains robust, with a delivery volume of 52.25 lakh shares on June 26, which is 186.78% higher than the 5-day average delivery volume. Overall, the notable rise in open interest and strong trading metrics highlight the active engagement surrounding Hindustan Copper in the market today.